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Repsol rewards shareholders with €2.4 billion amidst strong earnings in H1 2023

OilNOW -
Repsol, the Madrid-based energy titan, delivered a solid performance for the first half of 2023, posting net income of €1.42 billion, despite a global downturn in energy prices and demand. The company's robust earnings were fueled by increased production,...
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Shipyard building Guyana FPSOs records highest profit in 55-year history

OilNOW -
Singapore’s Keppel Corporation Limited (Keppel) reported a net profit of over S$3.6 billion for the half year ended 30 June 2023, the highest profit on record in the Company’s 55-year history. 1H23’s net profit was significantly higher than the...
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It’s in Exxon’s interest to show increased resources but they have to analyse the data – Jagdeo

OilNOW -
More than a year has passed since ExxonMobil last updated its estimate of the proven Stabroek Block resources, raising the bar to an impressive 11 billion oil-equivalent barrels. In the time since, there have been several significant commercial discoveries...
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Major Trinidad upstream gas supplier shuts in production due to technical issue – Ministry

OilNOW -
In a blow to Trinidad and Tobago's energy sector, one of the major upstream natural gas suppliers has had to cease production due to an unexpected technical issue. The Ministry of Energy and Energy Industries of Trinidad and Tobago...
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ExxonMobil snags US$7.9B in profits for 2023 second quarter

OilNOW -
American multinational, ExxonMobil Corporation, announced Friday that it made US$7.9 billion or US$1.94 per share during the 2023 second quarter. This represents a US$3.7 billion decline in profits compared to its US$11.6 billion earnings for the first quarter. When compared...
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Stena rig departing prolific Stabroek Block for routine maintenance in T&T

OilNOW -
The Stena Carron Drillship, a key player in the offshore oil exploration operations at Guyana's Stabroek Block, will be heading to neighbouring Trinidad and Tobago for routine maintenance before returning to the ExxonMobil-operated acreage. The vessel has been playing...
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SBM Offshore Guyana advancing HSSE through multiple awareness programmes

OilNOW -
Over the last several years, safety has become a key topic in the local business sector, with the movement to improve and advance Health, Safety, Security and the Environment (HSSE) being propelled by the oil and gas industry. SBM...
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New oil bill to be tabled in Parliament on August 3 – Jagdeo

OilNOW -
Guyana's Vice President, Dr. Bharrat Jagdeo, has announced that the country's new Petroleum Activities Bill will be presented to Parliament on August 3, 2023. The proposed legislation is set to establish a contemporary regulatory framework for the country's rapidly...
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Payara project will hit 220,000 bpd around five months after first oil

OilNOW -
Guyana’s third oil development, Payara, is expected to see a ramp-up to 220,000 barrels of oil per day (bpd) within a five-month period after production gets underway, says Chief Operating Officer (COO) of Hess Corporation, Greg Hill. During the company’s...
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SLB and Eni’s Enivibes to deploy e-vpms® for global pipeline monitoring

OilNOW -
SLB and energy giant Eni, through its subsidiary Enivibes, have forged an alliance to roll out e-vpms® (Eni Vibroacoustic Pipeline Monitoring System) technology worldwide. This state-of-the-art vibroacoustic wave detection system is purposed to provide real-time analysis, monitoring, and leak...
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Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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